Nepal Rastra Bank (NRB) is set to withdraw NPR 20 billion from the banking system on Monday through its deposit […]
Jagdamba Motors, the authorized distributor of Proton vehicles in Nepal, has launched its “Redefine Your Everyday” TVC campaign for the Proton e.MAS 5, following the electric vehicle’s recent introduction to the Nepali market. The campaign brings the idea of “Redefine Your Everyday” to life through four stories spanning work, family,…
Nepal's export-oriented industrialists have warned that the uncontrolled export of locally available raw materials to India could seriously threaten the future of domestic manufacturing industries. They have urged the government to take immediate policy measures, arguing that the continued outflow of raw materials is putting Nepal's value-added industries, particularly the…
Mobile wallet users across Nepal will now be required to update their National Identity Card (NID) number as the Nepal Rastra Bank (NRB) has introduced a new regulatory provision aimed at strengthening customer identification and enhancing the security of the country's digital payment ecosystem. Through an amendment to its Unified…
Nabil Bank Limited, one of Nepal’s leading private commercial banks, has strengthened its position as a leader in the country’s banking sector by winning three prestigious honors at the Euromoney Awards for Excellence. The bank was recognized as Nepal’s Best Bank, Nepal’s Best Bank for ESG, and Nepal’s Best Bank…
India’s renowned hospitality chain, Lemon Tree Hotels, has officially entered into an agreement to manage and operate the Hotel Queen Tower in the scenic hilltop town of Bandipur, Tanahun. The agreement was signed in New Delhi between Carnation Hotels Private Limited (a subsidiary of Lemon Tree Hotels Limited) and Bandipur…
Heavy snowfall has been reported in Mustang district since last night, affecting daily life across the Himalayan region. Following continuous snowfall, the revered Muktinath Temple has been completely blanketed in snow. Local authorities have urged travelers to avoid planning trips to Mustang until weather conditions improve. Along with Mustang, rainfall…
The Government of India has granted permission for Nepal to export an additional 80 megawatts (MW) of electricity. This new approval allows for the export of power from two hydropower projects: the 48.5 MW Mewakhola and the 31.04 MW Karuwa Seti Hydropower Projects, according to the Nepal Electricity Authority (NEA).…
Based on the information provided, here is a summary of the Government of Nepal's financial status for the first 15 days of the fiscal year 2082-83, along with details about the new budget and its implementation guidelines. Government of Nepal's Income and Expenditure (First 15 days of FY 2082-83) For…
A long-awaited solution to Kathmandu Valley's notorious traffic congestion at Koteshwor Chowk is set to materialize with the construction of a cut-and-cover tunnel and two flyovers. For this ambitious infrastructure project, the Japan International Cooperation Agency (JICA) will provide Nepal with a concessional loan of NPR 40 billion (approximately USD…
Amidst ongoing debates about the effectiveness of federalism and provincial structures, the Koshi Province government has announced remarkable progress over the past year. The provincial government claims significant achievements in infrastructure development, investment attraction, financial discipline, and improving citizen services, asserting that these initiatives have strengthened the provincial structure and…
The Nepal Chamber of Commerce (NCC) has organized a significant interaction program with private sector entrepreneurs and businesses in the presence of Damodar Bhandari, the Minister for Industry, Commerce and Supplies. The Chamber raised concerns about the ambiguities in Maximum Retail Price (MRP) implementation and the lack of adequate public…
Nepal's leading non-life insurance company, Himalayan Everest Insurance (HEI), has won two prestigious international awards at the Insurance Asia Award 2025, held on 8th July at Singapore.The company won the "Domestic General Insurer of the Year" and "Insurance Product Innovation of the Year" awards for 2025. Chairman Mahendra Krishna Shrestha…